---
title: "The Asia-Pacific stock market rally paused, gold hit a new high again, and iron ore rose by nearly 3%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/215146017.md"
description: "The Chinese stock market continues to strengthen, with the Renminbi breaking through the 7 level. Other major Asia-Pacific stock markets have shown signs of weakening, with slight declines in the Japanese and South Korean stock indices, and the Indonesian composite index falling by more than 1%. The Thai Baht briefly touched a high not seen since 2022, with the Bank of Thailand stating that it is prepared to deal with abnormal fluctuations"
datetime: "2024-09-25T23:02:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/215146017.md)
  - [en](https://longbridge.com/en/news/215146017.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/215146017.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/215146017.md) | [繁體中文](https://longbridge.com/zh-HK/news/215146017.md)


# The Asia-Pacific stock market rally paused, gold hit a new high again, and iron ore rose by nearly 3%

The People's Bank of China's series of policy measures boost the international market, with overnight gains in US-listed Chinese stocks and strength in the European and Asian stock markets.

Today, the Chinese stock market continues its upward trend, with the RMB breaking the 7 level against the US dollar, and the Taiwan Stock Exchange Weighted Index rising over 1% at one point. Other major Asia-Pacific stock markets paused their gains, with the Nikkei 225 Index, the Seoul Composite Index in South Korea, and major indices in India experiencing slight declines, while the Indonesia Composite Index fell over 1%.

The Thai baht rose 0.8% against the US dollar on Wednesday, reaching 1 USD to 32.56 Thai baht, the highest level since March 2022. Pimpan Charoenkwan, an official from the Bank of Thailand, stated in an announcement on Wednesday that the central bank is closely monitoring the movement of the Thai baht and is prepared to address any abnormal fluctuations that may affect businesses and the economy.

The Bloomberg Commodity Index rose for the 11th consecutive day, marking the longest continuous increase since January 2018.

In early trading today, spot gold rose to above $2665 per ounce, hitting a new historical high. The current increase has slightly retreated to $2657.89 per ounce.

Singapore iron ore futures rose nearly 3%, currently trading at $97.45 per ton.

Spot silver fell by 1.00% intraday, currently trading at $31.77 per ounce.

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